Articles written by Rogers Crowley
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Pershing rolls out new RIA custody fee schedule for firms from zero to $10 billion in assets - a dynamic of competing against zero-fee custodians who take revenues from client accounts
The No. 3 RIA custodian will also continue to realize revenues from muddier non-fee sources but hopes that the new schedule 'clarifies' the murk in its previous pricing schedule.
June 18, 2025 at 12:39 AM
Moody's downgrades Wall Street play to target retail clients as piggy bank to soak up trillions of dollars in illiquid investments
The New York City rating agency warns that the 'rapid deployment' of 'dry powder' into illiquid investments is recipe for systemic disaster.
June 13, 2025 at 1:24 AM
Schwab undercuts Vanguard (and BlackRock) again by slashing ETF fees up to 50% -- math that works when keeping RIAs is a priority
The $10 trillion discount broker cut its international ETF fee by 50%, a fee that is now 25% lower than that of the equivalent Vanguard ETF
June 10, 2025 at 11:18 PM
Fielding Miller calls on Mike Wunderli at 'inflection point' after CAPTRUST zoomed to $1 trillion but needs M&A energy injection to hit $2 trillion
The CAPTRUST CEO's firm dominated the 401(k) RIA rollup game for a decade, and LA dealmaker's hire comes as the market has changed to higher multiples and more determined rivals.
June 6, 2025 at 12:46 AM
Fidelity piloted 'free-money' 401(k) matches for eight years before going live last year; now Schwab is 'bolting-on' a third-party gizmo and imitating its rival with the launch of its own program
Big 401(k) recordkeepers are racing to avail plan participants of billions in cash employers are eager to funnel to them under new scheme unlocked by the SECURE Act 2.0
May 20, 2025 at 4:45 AM
Jarrett Cohen broke away from Merrill Lynch in 2015; now he owns a $60 million financial services firm in New Orleans' historic Cotton Exchange Building, and Schwab just named him to an advisory board
Cohen just added four part-time hires to help shoulder growth at his firm, which has no account minimums and a mission to 'help everyone.'
July 15, 2024 at 10:07 PM
SMArtX issues its own press release one day after Morningstar's ominous news about AssetMark deal -- that could yank $12 billion from SMArtX back to APL
The West Palm Beach, Fla., TAMP had the Chicago company as a white knight customer and VC backer but the vendor relationship might be in peril, analysts say
